Azmat is a 46-year-old married woman; she has been doing a business of cutlery sales for ten years. She offers various types of cutlery items such as forks, knives and spoons to the people of her community and in a local market as well. Her husband also assists her in running this business. She makes a sufficient amount to contribute to the family income. For the improvement of her business she contacted Kashf Foundation and applied for a loan of Rs. 30,000. In this way, she would be able to purchase a greater variety of cutlery such as spoons, forks and knives in various sizes and designs. She is in her 2nd loan cycle with a good repayment history. She is expecting a boost in her earnings and dreams of expanding her business in the future.
About Kashf Foundation
Kashf Foundation is one of the leading microfinance providers in Pakistan, focused on expanding financial access for poor women across the country. The organization’s economic empowerment program has grown from 913 clients in 1999 to 284,653 clients as of May 2012, with a current outstanding portfolio of US$32 million.
Kashf has trained over 227,000 clients in basic financial literacy and systemized financial education since 2010, in addition to providing training in gender justice and empowerment to over 12,500 participants since 2011. This group includes clients, their husbands and adolescent boys in their communities.
Over the past 16 years, Kashf has disbursed an estimated 2 million loans. Today, it operates in 16 districts in Punjab province and 1 district in Sindh province through a network of 157 branches. It plans to open 19 new branches to cover all four of Pakistan’s provinces.